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Trans-Caspian international transport route took part in the III Economic Railway Forum in Krakow

Krakow, Poland (PortSEurope) September 17, 2019 – The III (Third) Economic Railway Forum – “PKP LHS – a key element in the logistics supply chain” – has taken place in Krakow, Poland. It was organized by PKP Broad Gauge Metallurgical Railway Line Ltd, an associate member of the Trans-Caspian International Transport Route (TITR).

The event was attended by freight forwarders, logistics operators and rail carriers from Asia, Eastern and Western Europe, as well as exporters and importers, agricultural producers and processing companies.

Representatives of members of the TITR Association from Ukrzaliznytsia JSC, Georgian Railway JSC, as well as delegates from the International Trans-Caspian Transport Consortium (ITTC) – ADY Container LLC, also participated to the forum.

TITR Secretary General, Rakhmetolla Kudaibergenov, presented the development prospects of TITR.

Attendees included China Communications and Transportation Association Director, Wu Jingyu, and separately there was a presentation of Chinese business partners on the new Silk Road.

At the event, a signing ceremony of a memorandum of understanding (MoU) was held between the TITR Association and the Ukrainian Sea Ports Authority (USPA).

The Economic Railway Forum is a major event in Poland dedicated to broad gauge logistics.The forum touched upon and discussed in detail transport and logistics issues related to the export of goods from the EU to China.

The Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, combines the countries participating in the new Silk Road project and important players of the region. Its members are leading maritime and transport companies from Kazakhstan, Azerbaijan, Georgia, Ukraine, China and Turkey. The organisation aims to popularise the middle corridor, accelerate and simplify cargo transportation procedures between Asia and Europe, and make special preferential tariffs. Between East and West, in terms of cargo, the middle corridor helps to compete with the north-south routes.

TITR allows European companies to bypass Russia, which until now sanctions the transit of certain types of goods through the country. A number of Russian entities are under sanctions from the international community following Russia’s annexation of the Crimea in 2014. The importance of this route was underlined with the inclusion of Georgia and Azerbaijan in the European Union (EU) TEN-T network.

The new Silk Road (part of the Belt and Road initiative also known as One Belt, One Road, or OBOR) is a Chinese economic strategy to seek better access for Chinese-made products in European markets, which includes acquiring stakes in ports and other transport facilities, and cooperation agreements with countries along the Silk Road routes.

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